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Fly News Breaks for August 13, 2019
ACB
Aug 13, 2019 | 06:06 EDT
Piper Jaffray analyst Michael Lavery last night initiated coverage of Aurora Cannabis with a Neutral rating and $7 price target. Aurora has a premium valuation relative to peers but less visibility on key growth opportunities, Lavery tells investors in a research note. The company has leading scale in Canada, but oversupply looks likely in 2020, says the analyst.
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